Athabasca Oil Corp (TSE:ATH) shares traded down 3.3% during trading on Tuesday . The company traded as low as C$0.89 and last traded at C$0.89. 308,242 shares were traded during trading, a decline of 61% from the average session volume of 792,992 shares. The stock had previously closed at C$0.92.
A number of research analysts have commented on the stock. Raymond James Financial, Inc. increased their price target on shares of Athabasca Oil Corp from C$1.25 to C$1.50 and gave the company a “market perform” rating in a research report on Friday, July 28th. Barclays PLC cut their target price on shares of Athabasca Oil Corp from C$1.50 to C$1.00 in a report on Monday, July 24th. Canaccord Genuity cut their target price on shares of Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a report on Tuesday, July 11th. Finally, BMO Capital Markets cut shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$2.11.
The company’s market capitalization is $453.01 million. The stock has a 50-day moving average of $0.95 and a 200-day moving average of $1.21.
In other Athabasca Oil Corp news, insider Robert Anthony Broen sold 78,290 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of C$0.94, for a total value of C$73,592.60. Also, insider Anne Terese Schenkenberger purchased 31,867 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of C$1.01 per share, with a total value of C$32,185.67. Insiders have purchased a total of 79,992 shares of company stock valued at $53,198 over the last 90 days.
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Athabasca Oil Corp Company Profile
Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.
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